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DAILY REVIEW OF BUSINESS TOPICS AS REPORTED IN THE CHINESE' PRESS3
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HK TEXTILE INDUSTRY GIVEN A SHOT IN THE ARM
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HK Economic Journal (8/3)
HK textile manufacturers have received quite a vast amount
of orders from S.E. Asia in recent months, reported some members of the textile
trade. An average increase of 20% over orders accepted last year has been
recorded. Vietnam, for example, has gradually become one of the important
markets for our textiles.
Resourceful manufacturers of HK have made trips to the Philippines,
Malaysia, Singapore and Thailand to broaden our textile markets, formerly restrict-
ed to N. America, Europe and Australia, and woo more orders. Their efforts have
not been wasted.
CHINA TO BUILD A COLD STORAGE IN SHATIN
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HK Economic Journal (8/3)
Reliable sources disclosed that China, through the China Resources
Co.:in HK, plans to invest over HK$50 million in a big cold storage & godown in
Shatin.
Dealers in cold storage business are not happy about the news
because their business will certainly suffer a blow when China, HK's No. 1
frozen food supplier, makes use of its own, instead of relying on local, cold
storage spaces.
However, other traders welcome the news for overseas investors
will have greater faith in HK, now that China increases its investment here
and maintains a good relationship with Britain.
Issue No. 23/78
Date: 8 March 1978